3700 houses for sale for 1 euro each

3700 houses for sale for 1 euro each


Salemi, Italy (IT)
A small town in western Sicily has come up with a revolutionary solution to solve its property problems.

They are offering houses in the town, which sits between two rivers, for just a single euro (81 pence; $1.44).

There are 3,700 houses owned by the council, almost all in the old town, that are in danger of falling down - of crumbling and dying.

There is a catch - those who buy will be obliged to sympathetically renovate the old houses without changing their style within two years at some significant cost.
A small town in western Sicily has come up with a revolutionary solution to solve its property problems.

They are offering houses in the town, which sits between two rivers, for just a single euro (81 pence; $1.44).

There are 3,700 houses owned by the council, almost all in the old town, that are in danger of falling down - of crumbling and dying.

There is a catch - those who buy will be obliged to sympathetically renovate the old houses without changing their style within two years at some significant cost.
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Links: news.bbc.co.uk
By: kjfitz

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kjfitz picture
@ 2008-09-03 18:54:07
Here's an interesting Wikipedia article on the mayor of the town who came up with the idea to sell the old houses:
http://en.wikipedia.org/wiki/Vittorio_Sgarbi

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